Cannabis Growth Opportunity Corporation Announces NAV of $2.63
TORONTO, Nov. 19, 2018 /CNW/ - Cannabis Growth Opportunity Corporation ("CGOC", or the "Company") (CSE: CGOC), a cannabis focused investment corporation with both public and private cannabis holdings, is pleased to announce the company's updated net asset value per common share ("NAV") of $2.63 at the close of business on November 15, 2018. This represents growth of 13.5% since our Initial Public Offering at the beginning of this year.
CGOC is now over 97 percent invested in companies operating in Canada, the U.S., Jamaica and Israel. CGOC's top ten public investments as of November 15, 2018 (in alphabetical order) are: C21 Investments Corp. (CSE : CXXI), CannTrust Holdings Inc. (TSX : TRST), Cresco Labs Com (listing pending), HEXO Corp. (TSX : HEXO), Indiva Limited (TSX-V : NDVA), (Organigram Holdings Inc. (TSX-V : OGI), Planet 13 Holdings Inc. (CSE : PLTH), Sunniva Inc. (CSE : SNN), (Valens GroWorks Corp. (CSE : VGW), and VIVO Cannabis (TSX-V : VIVO). CGOC's public investments represent approximately 60 percent of the overall portfolio, with the private investments representing approximately 37 percent of the overall portfolio.
Jamie Blundell, President and Chief Operating Officer of CGOC commented, "CGOC realized a loss of 13.2% over last month compared to the North American Marijauna Index, which saw a 26.7% decrease. We believe this month's NAV of $2.63 demonstrates that our diversified actively managed portfolio continues to provide downside protection in these volatile markets."
November Webinar
CGOC will host the November webinar on Tuesday, November 20th at 4:30 pm EST during which company executives will provide a brief update on the business, review CGOC's performance, and provide an update on both the public and private holdings. Interested webinar attendees can Register Here or by visiting the website at www.cgoc.com.
A recording of the webinar will be available on the Company website on November 20th at 6:30 pm EDT. Previous webinars can be found there as well.
About CGOC
CGOC is an investment corporation that offers unique global exposure to the emerging global cannabis sector. CGOC's main objective is to provide shareholders long-term total return through its actively managed portfolio of securities, both public and private, operating in, or that derive a portion of their revenue or earnings from products or services related to the cannabis industry.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE Cannabis Growth Opportunity Corporation
Cannabis Growth Investment Corporation, www.cgocorp.com; Investor Relations, Email: [email protected]
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